4//SEC Filing
BASSOUL SELIM A 4
Accession 0000950170-23-072750
CIK 0000701374other
Filed
Dec 21, 7:00 PM ET
Accepted
Dec 22, 5:16 PM ET
Size
7.6 KB
Accession
0000950170-23-072750
Insider Transaction Report
Form 4
BASSOUL SELIM A
Director
Transactions
- Award
Common Stock, par value $0.025 per share
2023-12-20$24.05/sh+362,370$8,714,999→ 903,343 total - Tax Payment
Common Stock, par value $0.025 per share
2023-12-20$24.05/sh−235,795$5,670,870→ 667,548 total
Footnotes (2)
- [F1]The reported securities represent a grant of restricted stock under the Six Flags Entertainment Corporation ("Six Flags") Long-Term Incentive Plan (the "Plan"), which will vest, subject to Mr. Bassoul's continued employment with Six Flags through the consummation of the previously announced merger of equals transaction (the "Merger") by and between Six Flags and Cedar Fair, L.P. pursuant to the merger agreement, dated November 2, 2023, by and among the parties thereto (the "Merger Agreement"). The reported amount includes: (i) 62,370 restricted shares received in respect of fifty percent ($1,500,000) of a cash transaction bonus to Mr. Bassoul contemplated by the Merger Agreement and memorialized in that certain Letter Agreement, effective as of December 20, 2023, by and between Six Flags and Mr. Bassoul, and (ii) 300,000 restricted shares granted in settlement of PSUs previously granted to Mr. Bassoul.
- [F2]Shares withheld in payment of tax liability in connection with the grant of (i) 362,370 shares of restricted stock reported herein and (ii) 246,426 shares of restricted stock granted in settlement of previously reported restricted stock units, as contemplated by the Merger Agreement, which shares of restricted stock will vest at the consummation of the Merger, subject to Mr. Bassoul's continued employment with Six Flags through the consummation of the Merger.
Documents
Issuer
Six Flags Entertainment Corp
CIK 0000701374
Entity typeother
Related Parties
1- filerCIK 0001246380
Filing Metadata
- Form type
- 4
- Filed
- Dec 21, 7:00 PM ET
- Accepted
- Dec 22, 5:16 PM ET
- Size
- 7.6 KB